Global Nasal Implants Market is segmented By Material Type (Biological Implants, Synthetic Implants), By End Users (Hospitals, Ambulatory Surgical Centers, Others), and By Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Nasal Implants Market Size
The Global Nasal Implants Market size reached USD 305.6 million in 2022 and is projected to witness lucrative growth by reaching up to USD 435.7 million by 2031. The nasal implants market is expected to exhibit a CAGR of 5.2% during the forecast period (2024-2031). Nasal implants serve various purposes, including aesthetic enhancement, correction of nasal deformities, and functional improvements.
They are used to augment the bridge of the nose, reshape the tip, or improve nasal symmetry. Nasal implants can also be used in reconstructive surgeries following trauma or nasal deformities caused by congenital conditions.
The nasal implants market is driven by factors such as rising demand for aesthetic procedures, awareness and acceptance of nasal implants, technological advancements, increasing prevalence of nasal and sinus disorders, and advancements in surgical techniques.
Nasal Implants Market Scope
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Metrics |
Details |
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CAGR |
5.2% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Material Type, End-User, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights. |
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Nasal Implants Market Dynamics
Rising Demand for Aesthetic Procedures
Rising demand for aesthetic procedures is a major factor driving the nasal implants market share. There has been a significant increase in the demand for cosmetic procedures worldwide, including rhinoplasty (nose reshaping). Nasal implants are often used in these procedures to enhance the shape and appearance of the nose, leading to an increased demand for such implants.
With the rise of social media platforms and the influence of beauty standards, there is heightened awareness and emphasis on appearance. People are more inclined to seek aesthetic enhancements to improve their facial features, including the nose. Social media platforms also provide a platform for sharing before-and-after photos, testimonials, and experiences, which can further drive the demand for aesthetic procedures.
High Cost and Side Effects of Nasal Implants
The high cost of nasal implants and the side effects associated with nasal implants are the major factors hampering the market growth during the forecast period. Nasal implant procedures can be expensive, including the cost of the implants themselves, surgical fees, anesthesia, and post-operative care. The high cost of these procedures may limit access for individuals with limited financial resources or those without insurance coverage.
Like any surgical procedure, nasal implant surgeries carry inherent risks, such as infection, bleeding, scarring, and anesthesia complications. The nasal implants possess allergic reactions such as skin rash, changes in vision, eye pain, itching or hives, swelling of the face, lips, or tongue, and signs and symptoms of infection like fever or chills, cough, sore throat, and so on.
Nasal Implants Market Segmentation Analysis
The global nasal implants market is segmented based on material type, end-user, and region.
Based on the Material Type, the Biological Segment is Expected to Dominate the Market Share
Based on the material type, the biological segment is expected to dominate the market share during the forecast period. The market for biological implants holds 57.2% of the global nasal implants market share. Biological nasal implants refer to nasal implant materials derived from biological sources, typically the patient's own tissues or from donated human or animal tissues.
These implants are designed to be biocompatible and integrate with the surrounding nasal tissues. Biological implants tend to integrate well with the patient's own tissues, reducing the risk of rejection or implant-related complications. They can provide a more natural look and feel compared to synthetic materials, especially in terms of tissue texture and contour.
Source: DataM Intelligence Analysis (2023)
Global Nasal Implants Market Geographical Share
North America Holds the Largest Market Share due to the Advanced Healthcare Infrastructure and Presence of Major Players
North America holds the largest market share of around 41.7% during the forecast period due to the advanced healthcare infrastructure and presence of major players. Nasal implants are trending in the U.S. as the advanced healthcare infrastructure, coupled with rapid technological advancements, is expected to play an imperative role in boosting the growth of the nasal implants market.
The major market players are adopting market strategies such as collaboration and product launches to expand their business. These factors are responsible for driving the market growth in North America.
Source: DataM Intelligence Analysis (2023)
Nasal Implants Market Key Players
The major global players include Ethicon USA LLC, Implantech, Intersect ENT Inc., Stryker Corporation, Zimmer Biomet, Allergan Plc, Sientra Inc., KLS Martin L.P, Medartis AG, and TMJ Concepts.
COVID-19 Impact on Nasal Implants Market
The COVID-19 pandemic has had a significant impact on the global nasal implants market. During the pandemic, many elective surgical procedures were postponed or cancelled to prioritize resources for COVID-19 patients and reduce the risk of viral transmission. This led to a decline in the number of nasal implant procedures performed, which affected the demand for nasal implants.
The pandemic has necessitated the implementation of enhanced safety measures and protocols in healthcare facilities to mitigate the risk of viral transmission. These measures, such as increased infection control protocols, pre-operative testing, and personal protective equipment requirements, may have added logistical challenges and increased the cost of performing nasal implant procedures.
Russia-Ukraine Conflict Analysis
The Russia-Ukraine conflict significantly impacted the nasal implants market growth. The conflict has led to economic disruptions, including trade restrictions, sanctions, and instability in the financial markets. These economic challenges can have a broader impact on the healthcare sector, including the availability and affordability of medical devices, such as nasal implants.
Economic instability may affect the purchasing power of individuals and healthcare institutions, potentially leading to a decrease in demand for elective procedures like nasal implant surgeries.
Key Developments
- In April 2023, Lyra Therapeutics, a clinical-stage biotechnology company, restarted screening and enrolment of patients in its second pivotal Phase III clinical trial, ENLIGHTEN II, of LYR-210 for the treatment of chronic rhinosinusitis (CRS). A bioresorbable nasal implant, LYR-210 is designed as an alternative to sinus surgery for CRS patients who remain symptomatic although treated.
- In May 2022, Medtronic, Inc. announced that it completed the acquisition of Intersect ENT, Inc. The transaction was only able to gain approval of the Federal Trade Commission (FTC) upon the agreement that Medtronic sells the assets of Fiagon NA Corp., a key subsidiary of Intersect ENT. Medtronic acquired Intersect ENT’s PROPEL and SINUVA (mometasone furoate) sinus implant product lines and technology, intellectual property, and Intersect ENT’s facility in Menlo Park, CA. Intersect ENT employees joined Medtronic as a result of the acquisition.
Why Purchase the Report?
- To visualize the global nasal implants market segmentation based on material type, end-user, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of nasal implants market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global nasal implants market report would provide approximately 54 tables, 46 figures, and 195 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
